Date
19/05/2021
The American Financial Exchange (AFX), a transparent, rules-based and self-regulated electronic market for overnight and term unsecured lending among banks, financials and corporations, announced a new forward-looking 90-day AMERIBOR® rate called AMERIBOR Term90® This new rate is in addition to the AMERIBOR Term 30® rate launched in April, and to its suite of product offerings.
As LIBOR is phased out, lenders are looking for alternative interest rate benchmarks. AMERIBOR currently provides the only overnight lending benchmark specifically designed to track activity in the unsecured lending market. these new AMERIBOR benchmarks will provide short-term borrowers and lenders with insight into future funding costs, enhancing transparency and liquidity in the short-term, unsecured market.
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The Fred Jones Jr. Museum of Art will host a virtual gallery talk on âLong Exposure: A Century of Pictorialismâ with exhibit curator Hadley Jerman on May 7.
Jerman is a lifelong OU community member, earning her bachelorâs and masterâs degree and currently pursuing her doctorate from OU, according to a City Lifestyle article. Jerman has been serving as the Eugene B. Adkins Associate Curator at the Fred Jones Jr. Museum of Art since 2016, and her main focus is western American art, according to the article.
The âLong Exposureâ exhibit focuses on the beginning of the photography movement, according to a press release.
PNC Bank Joins The American Financial Exchange® Date
29/04/2021
The American Financial Exchange (AFX) announced today that PNC Bank, N.A., has joined the exchange, a transparent, rules-based and self-regulated electronic market for overnight and term unsecured lending among banks, financials and corporates.
“We are honored and privileged to have PNC Bank join AFX. We share common values of commitment to main street banking and businesses,” said Dr. Richard L. Sandor, founder and CEO. “PNC sees the value of leveraging a truly national benchmark such as AMERIBOR®, which represents the borrowing costs of thousands of U.S. banks and financial institutions.”
Date
08/01/2021
The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions, announced that FactSet Research Systems Inc. will distribute the following three AFX AMERIBOR® Benchmark Interest Rates:
Overnight unsecured AMERIBOR benchmark interest rate (ticker AMERIBOR)
30-day arithmetic average AMERIBOR benchmark interest rate (ticker AMBOR30)
90-day arithmetic average AMERIBOR benchmark interest rate (ticker AMBOR90)
“This is another significant step in elevating the awareness of AMERIBOR® throughout the worldwide business community.” said AFX Chairman and CEO Dr. Richard L. Sandor. “The reach of FactSet Research Systems Inc. ensures that the market will have access to AMERIBOR® benchmark interest rates. This will help the growth of AMERIBOR®-based loans, swaps, futures and other derivatives.”